- Report: #283259
Report - Rebuttal - Arbitrate
Complaint Review: Prestige Financial
Prestige Financial1414 S. 500 W. Salt Lake City, Utah U.S.A.
Prestige Financial Warning: A car loan with this company = a repo Salt Lake City Utah
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Then in late 2000, my husband got laid off from the Union, therefore, we lost an income for over two weeks. They were not sympathetic at all and came and repossesed the vehicle. Our loan amount was for $11,000 and they claimed the "auction" only got $3000 out of the vehicle so we owed the remainder plus fees, plus interest!
Now, in the year 2007, they started garnishing my husband's wages of over $800 a month, plus my $900 state income tax. We contacted their legal dept and they did'nt seem to care that they were taking out almost a house payment every month but had us fill out a debt to income ratio form. Which we filled out and returned immediately with all the proper forms needed and weeks later, we finally got a hold of them and they said that they could reduce the garnishment amount from 20% to 17%---WOW.
I really don't want to file a bankruptcy but they are starting to give me no choice- I've already lost a rental house and another vehicle because of this.
My problem with this company, is they prey on the credit challenged, get a big down payment, make you pay high car payments and then the second you are one week late, they repo it so they can start their vicious all over again. Now they have ruined my credit even worse than it was!!
West Jordan, Utah
This report was posted on Ripoff Report on 11/06/2007 11:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/Prestige-Financial/Salt-Lake-City-Utah-84115/Prestige-Financial-Warning-A-car-loan-with-this-company-a-repo-Salt-Lake-City-Utah-283259. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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